In what should be music to the ears of franchised store principles and industry leaders, a new study orchestrated by the Phoenix Center highlighted how much consumers benefit from the dealership system currently in place. The study found consumers significantly benefit from "intrabrand" price competition for new vehicles — often in the hundreds of dollars […] [Read More]

Southeast Toyota Distributors announced this week that five dealers in its region have been honored with the 2014 National Leadership Award for outstanding performance in the Toyota Rent a Car program. A total of 56 dealers, overall, received the TRAC award. The Southeast Toyota dealers winning the award were: Toyota of South Dade – Homestead, […] [Read More]

Digital Recognition Network has a busy week ahead during the North American Repossessors Summit. From highlighting its new technology to the latest metrics about what license-plate recognition technology can do to push revenue higher, DRN chief executive officer Chris Metaxas gave Auto Remarketing some details in advance of when more than 600 repossession agents gather […] [Read More]

Cars.com recently announced the results of an analysis it performed on nearly 1 million reviews submitted by customers on its site. According to the company’s research, seven out of 10 car shoppers said that reviews of dealerships are either a “very” or “extremely” important part of their research during the vehicle-buying process. To further elaborate on this […] [Read More]

You’ve never seen a closer like my mom, Mary. I’m telling you — if you haven’t been to her house for dinner, and her fabulous red sauce, well … there’s a seat waiting for you next Sunday night. Hosting dinner is her bread and butter (quite literally) — she doesn’t take no for an answer, […] [Read More]

The well of future certified pre-owned vehicle inventory is getting deeper because of how many new models are leaving showrooms as leased vehicles. Experian Automotive reported that leasing continued to gain traction in the fourth quarter as volume jumped 3.6 percent from a year earlier to reach nearly 30 percent of all new vehicles financed […] [Read More]

As the organization prepares to host the North American Repossessors Summit, the American Recovery Association recently formed what it dubbed the Young Professional Repossessors Commission (YPRC), a committee dedicated to educating, empowering and creating a platform for young industry professionals to speak and lead on behalf of ARA and the recovery industry. To become a member, […] [Read More]

Auto Remarketing has learned through published reports that CNW Research president Art Spinella has passed away at age 68. The Bandon Western World indicated that Spinella died Feb. 20 of congestive heart failure. Spinella was a longtime source of auto industry data, analytics and commentary, including his company’s Retail Automotive Summary, which was often quoted […] [Read More]

The National Automobile Dealers Association reminded members this week they must change their accounting method to comply with the tangible property regulations mandated by the Internal Revenue Service. NADA explained these regulations generally govern whether expenditures on tangible property may be expensed or must be depreciated. These rules are generally effective with the filing of […] [Read More]

Federal officials said Wednesday that Santander Consumer USA has agreed to pay at least $9.35 million to resolve a lawsuit by the Department of Justice alleging that the finance company violated the Servicemembers Civil Relief Act (SCRA) in connection with vehicle repossessions. The Justice Department indicated the complaint and the settlement, which is subject to […] [Read More]